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FUND GENERAL FINANCE
<br /> 2024 2025
<br /> Business abject Description 2020 2021 2023 Adapted Requested
<br /> Unit Account
<br /> Actual Actual 2022 Actual Actual Budget Budget
<br /> 0153 6102 F.T.REGULAR-WAGES&SALARIES 2651330 276,264 247,373 255,114 304,115 361,124
<br /> 0153 6108 SEVERANCE PAY 11,013 8,699
<br /> 0153 6121 PERA CONTRIBUTIONS 191489 20,428 181501 18,890 221809 231346
<br /> 0153 6122 FICA/MEDICARE CONTRIBUTIONS 19,025 201511 1%299 191179 241895 30,403
<br /> 0153 6131 GROUP INSURANCE 27,432 26,242 1%708 261186 341706 501743
<br /> 0153 6133 WORKERS COMP INSURANCE PREMIUM 1,568 11190 11246 1,308 1,996 2,202
<br /> 0153 6204 STATIONERY,ENVELOPES&FORMS 372 841 372 1,009 600 11000
<br /> 0153 6208 MISCELLANEOUS OFFICE SUPPLIES 1,861 264 312 225 400 400
<br /> 0153 6302 AUDITING&ACCOUNTING SERVICES 321405 381260 341712 401216 371000 501000
<br /> 0153 6321 TELEPHONE 464 443 - -
<br /> 0153 6322 POSTAGE 1,574 1,571 1,716 11543 21000 2,000
<br /> 0153 6335 TRAINING 1,739 3,002 21,218 - 31000 3,000
<br /> 0153 6352 GENERAL NOTICE&PUBLIC INFOR 296 409 306 505 500 550
<br /> 0153 6361 GENERAL LIABILITY/PROPERTY INS 3,874 4,052 2,800 21612 2,795 21724
<br /> 0153 6451 MEMBERSHIP DUES 623 777 640 365 850 1,200
<br /> 0153 16489 OTHER CONTRACTED SERVICES 31114 3,450 4,952 3,709 5,000 5,000
<br /> Total Expenditure 379,167 408,717 362,854 370,861 440,666 533,692
<br /> SUMMARY:
<br /> OPERATING EXPENSE: 3790167 408,717 362,854 3701861 440,6�66 5331692
<br /> CAPITAL OUTLAY: - - - - -
<br /> TOTAL EXPENDITURES $ 3791167 $ 408,717 $ 362,854 $ 370,861 $ 440,666 $ 533,692
<br /> PERSONNEL COMPLEMENT
<br /> Finance Director 1.00 1.00 1.00 1.00 1,00 1.00
<br /> Asst.Finance Director 1.00 1.00 1.00 1.00 1.00 1.00
<br /> Accountant I - - - 1.00 1.00 1.00
<br /> Accountant II 1.00 - - - 1.00 1.00
<br /> Accountant III - 1.00 1.00 - - -
<br /> Accounting Clerk - - 1.00 1.00 1.00 1.00
<br /> Sr.Accounting Clerk 1.00 1.00 - -- - -
<br /> Finance Total 4.00 4.00 4.00 4.00 5.00 5.00
<br /> DESCRIPTION OF SERVICES:
<br /> The Finance Department is responsible for financial reporting and budgeting,
<br /> assessments,cash receipts,accounts receivable,accounts payable,payroll
<br /> ,processing,debt service management and investment of all city funds.
<br /> BUDGET HIGHLIGHTS
<br /> • Annual Audit-$13,000 increase(mini increase last 5 years)
<br /> • Market Rate Adjustments-From 2.09%-19.12%
<br /> • COLA&Steps
<br /> GOALS OF CURRENT YEAR BUDGET:
<br /> • Continued long-term financial planning(5-Year Budget& 10-Year
<br /> CIP)
<br /> Continued CAFR award recognition
<br /> • Ensure compliance with state and federal laws
<br /> Performance Measurements:
<br /> 2020 Actual 2021 Actual 2022 Actual 2023 Actual 2024 Estimate 2025 Projected
<br /> Average Rate of Return 2.00% 1.53% 1.64% 2.92% 2.00% 2.00%
<br /> Bond Rating AA+ AA+ AA+ A A+ AA+ AA+
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